560 21st St SE

560 21st St SE, Salem, OR 97301

  • For Lease Contact for pricing
  • Property Type Industrial - Manufacturing
  • Property Size 65,597 SF
  • Lot Size 3.1 Acre
  • Additional Rent Contact for pricing
  • Year Built 1955
  • Date Updated Nov 15, 2024
  • HVAC None
The property provides close proximity to I-5, providing easy access for businesses seeking convenient transportation links.This prime commercial real estate asset represents a highly attractive investment opportunity within the cannabis industry. Spanning 65,597 square feet, the property has undergone extensive redevelopment over the past nine years, resulting in a modern and fully upgraded facility. It houses a diverse roster of cannabis industry tenants who are committed long-term, with many having secured renewal options and fully contributed to their tenant improvements (TIs). These tenants operate as true NNN lessees and are sub-metered for electrical use. The property features significant infrastructure enhancements, including paved parking, stormwater improvements, fencing, heavy electrical, lighting, membrane roofing, and access control. All tenants are compliant with state and city regulations, holding the required permits for cannabis production, processing, or distribution. The property owners have also maintained positive relationships with the neighborhood association, city planning and building departments. Situated on 3.1 acres, the facility includes an additional building and a gravel lot. The accessory building is currently leased to a contractor on a month-to-month basis for storage, while a portion of the gravel lot is rented out for fleet parking. This additional space not only generates supplementary income but also offers potential for further development. Located centrally in the Willamette Valley, the property benefits from easy access to I-5, Hwy 22, and Hwy 99 West. The favorable zoning in Salem further enhances its appeal for cannabis-related activities. With an 8% cap rate, this asset presents a compelling investment opportunity, offering substantial growth potential and a promising return on investment for those looking to capitalize on the expanding cannabis market.Warehouse and Fenced Storage Yard Available

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Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • 3,250 SF warehouse with 1 grade-level loading door
  • Fenced Storage Yard; 4,000 SF to 20,000 SF

Spaces Available

Contacts

broker

Nathan Getty

Macadam Forbes

Location

Getting Around

  • Walk Score ®

    60/100 Somewhat Walkable
  • Transit Score ®

    40/100 Some Transit
  • Bike Score ®

    79/100 Very Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood Southeast Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    0.55 miles

  • Brooks Historical Society Depot

    8.71 miles

  • Hopmere Station

    8.79 miles

  • ChargePoint

    0.29 miles

  • Shell

    0.31 miles

  • Arco

    0.38 miles

  • City of Salem Fuel Island

    0.49 miles

  • Pacific Pride

    0.51 miles

  • Blink

    0.54 miles

  • Tesla Supercharger

    0.80 miles

  • Arco Gas Station

    1.32 miles

  • 76

    1.33 miles

  • Chevron

    1.53 miles

  • Postal Employee Parking

    0.57 miles

  • E Lot

    0.64 miles

  • Staff Parking

    0.71 miles

  • Patient Visitor Parking Garage

    0.78 miles

  • Visitor Parking

    0.83 miles

  • Airport Road Park and Ride

    0.83 miles

  • State of Oregon Shuttle Mail Hub

    0.86 miles

  • Permit Parking

    0.91 miles

  • B Lot

    0.93 miles

  • Reserved Lot A

    0.95 miles

  • Habanero's Mexican Food

    0.33 miles

  • Sybil's Omelettes

    0.37 miles

  • Habanero's

    0.40 miles

  • State Street Pub & Grill

    0.40 miles

  • Momiji Sushi

    0.40 miles

  • King Donuts

    0.43 miles

  • Word of Mouth Bistro

    0.43 miles

  • The Chicken Shanty

    0.44 miles

  • Popeyes

    0.45 miles

  • Carl's Jr.

    0.45 miles

  • Safeway

    0.84 miles

  • Pringle Park Plaza

    1.17 miles

  • Macy's

    1.26 miles

  • Salem Center (South)

    1.29 miles

  • Reed Opera House

    1.30 miles

  • Salem Center (North)

    1.32 miles

  • Kohl's

    1.32 miles

  • Ross

    1.34 miles

  • Walmart Supercenter

    1.50 miles

  • Target

    1.63 miles

  • Safeway

    0.84 miles

  • Salem Hospital

    0.87 miles

  • Oregon State Hospital

    0.91 miles

  • Salem Health

    1.07 miles

  • Salem fire station #10

    1.18 miles

  • Salem Fire Station 1

    1.25 miles

  • City of Salem Police Department

    1.27 miles

  • AIYANA Aesthetics

    1.32 miles

  • Salem Fire Station #10

    1.43 miles

  • Walmart Pharmacy

    1.48 miles

Frequently Asked Questions

What is the cost of renting industrial/warehouse space at 560 21st St SE?

The price for industrial space for lease at 560 21st St SE is available upon request. Generally, the asking price for warehouse spaces varies based on the location of the property, with proximity to transportation hubs, access to highways or ports playing a key role in the building’s valuation. Other factors that influence cost are property age, quality rating, as well as onsite facilities and features.

What type of industrial space is available for rent at 560 21st St SE?

The property at 560 21st St SE was completed in 1955. In total, 560 21st St SE incorporates 65,597 square feet of Manufacturing space.

For more details on this listing and available space within the building, use the contact form at the top of this page to schedule a tour with a broker.

Is there parking available at 560 21st St SE?

Contact the property representative for more information on vehicle access and parking options at or near this property, as well as additional amenities that enhance the tenant experience at 560 21st St SE.

Does 560 21st St SE have climate control?

Reach out to the property representative or listing broker to find out more about climate control capabilities at this property. Climate control is typically present in industrial buildings that are suited to store items susceptible to temperature and damage from humidity, such as food, pharmaceuticals, paper, textiles, and electronics.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Nathan Getty

Macadam Forbes

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